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NEW YORK - In a major midtown office leasing transaction, Loeb & Loeb LLP, a sub-tenant at the Rudin family’s 345 Park Avenue since the mid-1990’s, has signed a 20-year direct lease for approximately 155,000 square feet of space at the distinctive 44-story blockthrough tower between 51st and 52nd Street. The deal adds an additional floor of approximately 36,000 square feet to Loeb & Loeb’s existing Manhattan offices.
The multi-service, national law firm also has offices in Los Angeles, Chicago and Nashville, and has applied to open a representative office in Beijing.
“We’re delighted that such an outstanding and respected global leader in the field of law has chosen to continue to remain and grow its business at our prestigious midtown tower,” stated William C. Rudin, President of Rudin Management Company, the operating arm of the Rudin Family holdings.
“There was no question in our minds that 345 Park is the ideal place for us to continue to build our national and global practices, and to service our clients. We have always appreciated the benefits of being in a Class A building with such a prestigious address. Now we have the added benefit of being a direct tenant of the Rudin family,” stated Michael D. Beck, Loeb & Loeb Co-Chairman.
Brian Gell, Lewis Miller and Kenneth Rapp of CB Richard Ellis represented Loeb & Loeb in the long-term leasing transaction while Tom Keating of Rudin Management Company represented the owner.
With over 300 attorneys focusing on select core industries and practice areas, Loeb & Loeb is widely recognized and highly regarded for its depth in the financial services, traditional entertainment, new media, technology and real estate industries. Today, Loeb & Loeb represents multi-national, Fortune 100 Companies in the firm’s core practice areas, and serves as primary outside counsel to a multitude of mid-market clients, development stage business and high net worth individuals and families.
Rudin Management Company is a full service real estate organization serving the interests of the Rudin family, which owns and manages one if the largest private property portfolios in New York City. Among its real estate holdings are 16 office buildings containing approximately 10 million square feet of space and 20 apartment buildings comprising over four million square feet of residences.